This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

ChipMOS' CEO Discusses Q2 2012 Results - Earnings Call Transcript

Revenue growth in Q2 was mainly driven by our memory business. Specifically, in DRAM and flash product, which increased 8.8% and 15.8% compared to Q1, respectively.

We are also pleased with the revenue growth achieved in our mixed-signal and LCD driver business compared to Q1 which also showed robust growth of 9.8% and 8.4%, respectively. Our overall utilization rate acting by quarter improved to 78%, compared to 73% in Q1 2012.

Let’s turn to our Q3 outlook. Based on exiting customer focus we currently expect revenue growth of about 4% to 8% for the third quarter 2012 as compared to the second quarter, with gross margin on consolidated basis further improved to above 12% to 18%. Based on our current plan we expect strength in our LCD driver business to continue as we move through 2012.

The Gold Bumping business is expected to grow 15% in Q3 with expected growth of above 6% to 8% growth for both chip-on-film and chip-on-glass, assembly and testing business is forceable.

Our DRAM and mixed-single business are both expected to be up in a low single digit, while our wafer testing business of fab product is expected to be slightly softer in Q3 compared to Q2.

Before I turn the call over to S.K., I want to spend couple of minutes to discuss our recent dividend announcement and business development.

Firstly, there had been a lot of market uptick regarding our major U.S. DRAM customer issues from LCD sales organization team. We had received many inquiries on how our customer decision can influence our further business strategy and we make some plan.

We see that longer term this can be a potential positive for ChipMOS and industry, in short-term though it is too early to know how this will be settle out and what the impact if any would be on our business with a view of combination as a positive for LCDs, micro and industry.

Read the rest of this transcript for free on seekingalpha.com

3 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,132.10 +100.96 0.59%
S&P 500 2,000.09 +15.96 0.80%
NASDAQ 4,555.0710 +36.1690 0.80%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs